B.C. LUMBER WORKER July 5, 1951 JOE MORRIS, Distrist 1st Vice- President, IWA, represented the Union on Conciliation Board a Columbia Cellulose. ; “No Matter How They Slice It...” coe The “Financial Post” has a ; beef. Its statistics on corporation profits are being misinterpreted. Net profits of 126 representative Canadian companies went up from $254 million in 1946 to $515 million in 1950. This looks like &n increase of 100%, says an edi- torial in the June 2 issue of the “Post”. ¢ “Yet an important fact has been omitted entirely,” continues the editorial. “The dollar has de- preciated about 31% of its 1946 value. That would place the 1950 composite net profit figure at only $348,793,114 in terms of 1946 dollars, or an increase of BG. “And that’s a different story.” It sure is. It’s enough to make a fella feel sorry for those poor, misrepresented corporations, and what the high cost of living has done to their profits. Tell me, has your income gone up by 78% in any kind of dollars since the war? Axsets December 31, 1950 Caxh on Hand and Bank.. Loans Outstanding. Loans Since Incorporation. Members... Total Anset Liabillt Share Capital. Deposis. Number of Credit Unions. B.C. Credit Un Alberta 426,897.85 815,102.25 Sy Geta w) ions Tops In West Aankatchewan Name f (6479.00 181,520. oa 4:00 19,675,876.80 "48,286 35,015 $ 4,007,245.07 4 B 4,607,245.07 300,759.94 $ 5,015.872.17 $ 5,015,272.17 2087,212.25 $12560,,727.00 $12,560,727.00 2,460,803.00 HE CO-OPERATIVE VIEW OTTAWA. (CPA)—In London, England, for the first time on record over 2,000 co-operative delegates attended their annual Co-operative Congress at Black- pool, at Whitsuntide. A resolution from Leeds Society urging that the activities of the Co-operative Movement’s | branches and auxiliaries should be free of attachment to any | political party and that the Co- |operative Union should be in- ; structed to leave the National Council of Labor, was over- whelmingly defeated’ by the Co- WHERE THE DUES $ GOES LOCAL 080° ORGANIZN FUND, 25 MEGOTIATING 10 RESERVE FUND.OS Retuins INTERNATIONAL, CCL per capita,O5 clo fer TE G + B20 Bi ADMIMIS= TRATION “3. Mears, , ssp POSES a VGrltin distinguished product of the BRITISH COLUMBIA DISTILLERY Co. Ltd. | t | | i | HUSH COLUMBIA DISTILLERY C0..10, ewe WANTON ETHE, B.C. N. Z. GOVT. ACCUSED OF TRICKERY IN DOCK STRIKE Though the New Zealand Gov- ernment claims that the dockers’ strike, now in its 15th week, is over, leaders of the business community have warned that its worst effects, by way of shoré- ages of all sorts of goods, accom- panied by higher prices, are still to come. Constituting the greatest and most disastrous industrial hold- up in this generation, the dispute ‘| has involved, besides the dockers at every port, many coal miners, seamen, meat freezing workers and others, most of them not so much in sympathy with the cause of the dockers (which has never had much, support from other unions) as in protest against the drastic nature of the emergency resolutions framed by the Tory Government to deal with the dis- pute, Government Unions - The Government’s own method ‘|has been to get dockers to form new unions in each port. Some of the members of the new unions are members of the former ones which were deregisterd, but many other registered dockers are still holding out, and many will never go back to dock work. One of the major obstacles to the forma- tion of the new dockers unions has been that there are no un- employed in New Zealand, so that new workers for the water- front have had to be lured from other jobs. * From the beginning of the dis- pute the New Zealand Labor Party, whose members of parlia- ment are the official opposition in the House of Representatives, have stood for negotiation and arbitration between the disagree- ing watersiders and their em- ployers, In this case they have pressed without success for a compulsory conference to bring about a settlement of the holdup which has already resulted in the imposition of a 50 percent sur- charge on all inward and outward freights. This will add a stagger- ing burden to the cost of living in New Zealand—and it is already soaring. The higher freight charges must react adversely on New Zealand's farmers who gain their principal income from wool, meat, butter and cheese exports, and farmers’ organization have already protested bitterly. Political Truck “There is a large and growing body of opinion among thinking people.in this country that for political reasons the Prime Minis- ter, Mr. Holland, and his col- leagues have never desired a quick settlement of the present grave industrial crisis,” says the national executive of the New Zealand Labor Party, in a state- ment just issued. “The National Party intends to use the waterfront dispute in the next general election (in 1952) as an excuse for its disastrous fail- ure to control the cost of living and make the pound buy more, and also as a pretext to sell Mr. Holland to the electors as the ‘strong man’ who saved the coun- | try. Ample evidence to support this viewpoint can be obtained from a study of the Prime Minis- ter’s past and present actions.” “You saw this young lady driving toward you,” said the policeman after the collision. “Why didn’t you give her half the road?” “I was going to,” the motorist replied, “as soon as I could discover which half she wanted,” 10,700,000 U.K. Members operative Congress. (In Britain the Co-operative Movement has an official political liaison with the British Labor Party. The Leeds delegates éould get only 441 votes for their resolution against 9,761—each vote repre- senting 1,000 members. Not a single speaker supported the Leeds mover and seconder. At the end of the Congress the estimated membership and trade figures of co-operative retail societies for 1950 were an- nounced. Records had again been broken. : During 1950 membership in- creased by over three-quarters of a million, ‘The movement now has almost 10,700,000 members. The cash trade of co-operative re- tail societies correspondingly in- creased by £64%4 million, or 11.75 percent, to £613% million. NEW OFFICES The B.C. Credit Union League offices at 96 East Broadway, Vancou- ver, are being renovated and an ad- joining building is being converted into offices, The-Local 1-217 IWA Credit Union along with six others will occupy this additional office space which will en- able them to cope with their ever in- creasing membership. 160 CREDIT UNIONS © IN SCHOOL Port Alberni school children are learning the advantages of co-operative planning, as credit unions “are intro- duced into their school, as part of the curriculum. Under the supervision of their teach- ers, 250 children managed, in 10 say- ing periods, to save $1,007. ‘The excellent results. achieved by these children, proves the soundness of the course and it is planned to have all schools in B.C. include this subject as part of the regular curricu- Jum. Let’s not have critics of eapi- talism talking it down when it’s the only system in the worl which enables us to win $525 0} the radio by identifying the lan- guage starting with E which is spoken in England. Alex’ B) Macdonald Barrister & Solicitor Notary Public 751 Granville Street VANCOUVER, B.C. Telephone TAtlow 5128 SOLICITOR) TO) THE UW)A) BIG 3 TAILORS MEN'S CLOTHING and FURNISHINGS @ STORAGE SERVICE e Cleaning, Pressing and Expert Repairing Phone: MArine 1737 a 332 Carrall St. VANCOUVER G.W. Sow & co. wren PRINTING & LITHOGRAPHING An Employee Owned Company 1530 W. 4th Ave. <2> Vancouver, B.C. : Printers of The B.C. Lumber Worker J Champion of All Lightweight ° HEADS LIGHT CRUISER Caulked Boots © Featuring High Carbon Steel Oil Tempered Boot Caulks FOR SURE GRIP Another Favorite... HEAD'S famous “SAFETY TOE BOOTS” for Mill Workers W. J. HEAD BOOT FACTORY LIMITED (PA, 4844) 21 East Hastings Street Vancouver, B.C. “HEADS. YOU WIN”